Kotak Mahindra Bank latest FD rates are effective from today with up to 7.70% to senior citizens on these tenors
Starting today, the latest fixed deposit interest rates from leading private lender Kotak Mahindra Bank apply. According to the bank’s official website, current interest rates on fixed deposits are less than €2 Cr will apply from March 27, 2023. The bank currently offers interest rates ranging from 2.75% to 6.20% on term deposits with a maturity of 7 days to 10 years for the general public and 3.25% to 6.70% for older people. Kotak Mahindra Bank gives a maximum interest rate of 7.20% for the general public and 7.70% for seniors with maturities from 390 days (12 months 25 days) to less than 2 years.
Starting today, the latest fixed deposit interest rates from leading private lender Kotak Mahindra Bank apply. According to the bank’s official website, current interest rates on fixed deposits are less than €2 Cr will apply from March 27, 2023. The bank currently offers interest rates ranging from 2.75% to 6.20% on term deposits with a maturity of 7 days to 10 years for the general public and 3.25% to 6.70% for older people. Kotak Mahindra Bank gives a maximum interest rate of 7.20% for the general public and 7.70% for seniors with maturities from 390 days (12 months 25 days) to less than 2 years.
Kotak Mahindra Bank FD Interest Rates
Kotak Mahindra Bank pays 2.75% interest on 7 to 14 day deposits and 3.00% interest on 15 to 30 day deposits. Kotak Mahindra Bank pays 3.25% interest on deposits held between 31 and 45 days and 3.50% on deposits held between 46 and 90 days. Deposits with a maturity of 91 to 120 days earn an interest rate of 4.00%, while deposits with a maturity of 121 to 179 days earn an interest rate of 4.25%. Kotak Mahindra Bank pays 6.50% interest on fixed deposits with a maturity of 180 days and 6.00% on those with a maturity of 181 to 363 days.
Kotak Mahindra Bank FD Interest Rates
Kotak Mahindra Bank pays 2.75% interest on 7 to 14 day deposits and 3.00% interest on 15 to 30 day deposits. Kotak Mahindra Bank pays 3.25% interest on deposits held between 31 and 45 days and 3.50% on deposits held between 46 and 90 days. Deposits with a maturity of 91 to 120 days earn an interest rate of 4.00%, while deposits with a maturity of 121 to 179 days earn an interest rate of 4.25%. Kotak Mahindra Bank pays 6.50% interest on fixed deposits with a maturity of 180 days and 6.00% on those with a maturity of 181 to 363 days.
Kotak Mahindra Bank pays 6.25% interest on fixed deposits with a maturity of 364 days and 7.00% on those with a maturity of 365 to 389 days. Kotak Mahindra Bank pays 7.20% interest on deposits held 390 days (12 months 25 days) to less than 2 years and 7.00% on deposits held 2 years to less than 3 years. Deposits with a maturity of 3 years or more but less than 4 years earn an interest rate of 6.50%, while deposits with a maturity of 4 years or more but less than 5 years earn an interest rate of 6.25%. The bank pays an interest rate of 6.20% on time deposits with a term of between 5 and 10 years.
Kotak Mahindra Bank pays 6.25% interest on deposits with a maturity of 364 days and 7.00% on those with a maturity of 365 to 389 days. Kotak Mahindra Bank pays 7.20% interest on deposits held 390 days (12 months 25 days) to less than 2 years and 7.00% on deposits held 2 years to less than 3 years. Deposits with a maturity of 3 years or more but less than 4 years earn an interest rate of 6.50%, while deposits with a maturity of 4 years or more but less than 5 years earn an interest rate of 6.25%. The bank pays an interest rate of 6.20% on time deposits with a term of between 5 and 10 years.
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A fixed deposit has several interest collection options. The FD interest amount can be paid in cumulative, monthly or quarterly payments at Kotak Mahindra Bank. The depositor is required to open a fixed deposit account with a minimum value of Rs. 5,000 at Kotak Mahindra Bank.
A fixed deposit has several interest collection options. The FD interest amount can be paid in cumulative, monthly or quarterly payments at Kotak Mahindra Bank. The depositor is required to open a fixed deposit account with a minimum value of Rs. 5,000 at Kotak Mahindra Bank.
“If you are already a savings and current account customer of the bank account, you can use the fixed-term deposit via digital platforms such as netbanking, mobile banking. If you are not a customer of the bank, you may need to visit the bank branch with the necessary documents required under the Know Your Customer (KYC) policy,” Kotak Mahindra Bank said on its website.
“If you are already a savings and current account customer of the bank account, you can use the fixed-term deposit via digital platforms such as netbanking, mobile banking. If you are not a customer of the bank, you may need to visit the bank branch with the necessary documents required under the Know Your Customer (KYC) policy,” Kotak Mahindra Bank said on its website.
Kotak Mahindra Bank FDs offer you incredible benefits such as investment security with DICGC insurance coverage of up to €5 lakhs, Section 80C tax savings of up to €1.5 lakh per fiscal year, attractive FD interest rates, online account opening option, early withdrawal option and flexible terms.
Kotak Mahindra Bank FDs offer you incredible benefits such as investment security with DICGC insurance coverage of up to €5 lakhs, Section 80C tax savings of up to €1.5 lakh per fiscal year, attractive FD interest rates, online account opening option, early withdrawal option and flexible terms.